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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Master Trader who wrote (20506)3/14/1999 10:02:00 PM
From: Anthony@Pacific  Read Replies (1) of 122087
 
As NASD member Firm in any press release you are required to disclose if you are amrket maker and if you are long or short the stock..I did that ,, I reversed my ratimng to a buy from a short before the market opened on KTEL,, so as we would not have any advantage over the public in covering our position..Everyone saw it as an incredibley ethical move and a first on wall Street..There is a complete explanation that is available on my FAQ's page. If you dont agree that I did the right thing than tell me what I should have done..I announced a buy while we were still short and lost approx 40-50K in doing so. I think I puty my reputation above my wallet..Keep in mind that my short recommendation was released the prior day after the market closed..so no one was able to trade on it ..It was in effect a cancelling effect..
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